42C. Maximum limit on admissibility of tax credit

Terms defined in s 2

• person

  person

  Defined · s 2

  “person” includes a company and a body of persons;

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• tax

  tax

  Defined · s 2

  “tax” means the income tax imposed by this Act;

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• year of assessment

  year of assessment

  Defined · s 2

  “year of assessment” means the period of 12 months commencing on the 1st day of January 1950 and each subsequent period of 12 months.

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